If the cost price is ₹150 less than the selling price and the profit is 20%, then what is the selling price (in ₹)?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 900
The gap between the selling price and the cost price is the profit, and the profit percentage is always worked out on the cost price.
Profit = ₹150, which is 20% of the cost price
Cost price: \(150\div0.2=750\)
Selling price, the cost price plus the profit: \(750+150=900\)